Macquarie launches new life group
20 February 2012
Macquarie Group has launched a new life insurance adviser group called Risk Advice Specialists and has already recruited six advisers that were with Patronus Risk Specialists…
Life Insurance
Good first half for CommInsure
20 February 2012
CommInsure has reported an 8% increase in average inforce premiums to $2.1 billion for the half-year to December 31…
Strong performance from AMP’s life business
20 February 2012
AMP has reported a 7.5% increase in annual premium income for its individual life insurance business for the year ending December 31…
Flexible approach to TPD by Zurich
20 February 2012
Zurich Financial Services has introduced a more flexible structure for holding total and permanent disability insurance inside and outside superannuation…
Tough quarter for bank insurers
20 February 2012
Both Westpac and ANZ have reported difficult conditions for their insurance businesses during the three months ending December 31…
Call for tailored approach to group insurance
13 February 2012
Superannuation funds will have to look at tailoring their life insurance offering rather than using a “one size fits all” approach, according to Rice Warner director Richard Weatherhead…
Life advisers happy with their future
13 February 2012
Life insurance advisers are “moderately positive” about their prospects in 2012, according to a new survey commissioned by Zurich Life Australia…
Call for better accounting rules for life insurers
13 February 2012
Life insurers need to do a better job of explaining how they create value and earn profits, according to a new report by Swiss Re…
Life and health save Tower’s profitability
13 February 2012
The life and health insurance business at Tower NZ helped the insurer weather the costs of the Christchurch earthquake, MD Rob Flannagan told the company’s AGM last week…
Social media the key for future insurance sales
13 February 2012
Life insurers will have to engage with people through popular social media sites if they want to deal with underinsurance, says Commonwealth Bank Chief Marketing Officer Andy Lark…
OnePath wins Queensland insurance mandate
13 February 2012
OnePath has won the group life insurance mandate for Queensland local government superannuation fund LGsuper…
SMSF life insurance numbers keep falling
06 February 2012
The older membership of self-managed superannuation funds is one of the reasons for declining life insurance in the sector, according to the latest Australian Tax Office data…
AFA hopes Government is listening to FOFA criticism
06 February 2012
The Association of Financial Advisers hopes the Federal Government will look at the evidence given to the Parliamentary Joint Committee hearings on the Future of Financial Advice bills to improve them…
AIA looks at ING’s Asian insurance business
06 February 2012
AIA Group is seriously looking at bidding for ING’s Asian insurance business in a deal that could be worth about $US6 billion ($5.5 billion)…
More content online for advisers
06 February 2012
Life insurers are continuing the push to put more information online for advisers and their clients…
Opt-in plan has serious flaws for consumers: say critics
30 January 2012
The Federal Government’s opt-in proposals could have serious implications for clients with life insurance policies, the Association of Financial Advisers has warned…
Life insurers increase assets
30 January 2012
Australian life insurers have lifted their total assets during the 12 months ending June 30 2011 to $235 billion, compared to $234 billion in the 12 months ending December 2010…
Life insurance sales continue to grow
30 January 2012
Life insurance sales have continued to grow, with both inforce annual premiums and new business recording strong results for the 12 months ending September…
Suncorp merges life insurance back office with super
30 January 2012
Suncorp Life has merged the back-office life insurance operation with its superannuation and investment businesses…
Young Australians ignoring life insurance
30 January 2012
Young Australians have the lowest levels of life insurance, with just 36% holding some form of cover…